Shoppers buy food in a supermarket in LondonInternationalIndiaAfricaJames TweedieRising inflation across the West since the COVID-19 pandemic has spiked since governments imposed sanctions and trade embargoes on Russia over its military operation in Ukraine. That has sparked waves of strikes over below-inflation pay offers across the UK. Inflation in the UK fell less than forecast […]
Shoppers buy food in a supermarket in LondonInternationalIndiaAfricaJames TweedieRising inflation across the West since the COVID-19 pandemic has spiked since governments imposed sanctions and trade embargoes on Russia over its military operation in Ukraine. That has sparked waves of strikes over below-inflation pay offers across the UK. Inflation in the UK fell less than forecast […]
Maj. Will Andreotta, F-35 Lightning II “Heritage Flight Team” pilot from Luke Air Force Base, Az., prepares to exit the cockpit at Joint Base Andrews, Md., Sept. 20, 2016. The aircraft is here to perform a fly-over during the U.S. Air Force Tattoo at Joint Base Anacostia-Bolling, Washington, D.C., Sept. 22, 2016. InternationalIndiaAfricaThe Pentagon has […]
JPMorgan Chase CEO Jamie Dimon at Saudi Arabia’s Future Investment Initiative conference in Riyadh in October 2022.InternationalIndiaAfricaEven though economic reports continue to show strength in the US economy, investors are nonetheless behaving as if more volatile times are coming, dodging riskier bets and keeping market gains low.Speaking to CNBC on Tuesday, Jamie Dimon, CEO of […]
FILE – A woman walks with purchases past a store in Berlin, DEU, Friday, April 1, 2022InternationalIndiaAfricaJames TweedieThe dual effects of the COVID-19 pandemic and the energy crisis caused by sanctions on Russia have rattled consumer confidence and sent inflation soaring — prompting a wave of strikes over pay that have further hit the retail […]
A cashier changes a 50 Euro banknote with US dollars at an exchange counter in Rome, Wednesday, July 13, 2022. Europe’s feeling the pain from the war in Ukraine.InternationalIndiaAfricaJames TweedieThe share collapse of retailer Bed Bath & Beyond is just the latest financial shock to hit the US in recent months. Todd “Bubba” Horwitz, chief […]
Shoppers buy food in a supermarket in LondonInternationalIndiaAfricaUK food inflation reached its highest level in more than 45 years in February this year, as consumer prices spiked by 10.4 percent. The country’s Office for National Statistics singled out particular increases of costs of some vegetable items, partly because of shortages, resulting in some supermarkets introducing […]
A laborer unload sacks of chickpeas at a market in Karachi, Pakistan, Thursday, July 14, 2022.InternationalIndiaAfricaAneela RashidPakistan has a young and growing entrepreneurial population, with English as the main language for business, but inflation, as well as the recent political turmoil and devastating floods, are making it difficult for industries to flourish.Tension among Pakistan’s business […]
South African Reserve Bank Governor Lesetja Kganyago participates in panel discussion on emerging markets’ response to recent exchange rate pressures at the 2016 Annual Meetings of the International Monetary Fund and the World Bank Group at George Washington University on October 8, 2016 in Washington, DC. InternationalIndiaAfricaSeveral of the country’s nationalized industries have long had […]
View of Stockholm’s old town rooftops from top of a building at the Riddarholmen island in Sweden´s capital InternationalIndiaAfricaDespite a little relief, Sweden’s inflation remains well above government targets. The situation is exacerbated further by wages falling behind and hemming in consumption and a downturn of the housing market, long seen as the pillar of […]